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- Debt Ceiling Negotiations Falling Apart
- Bakhmut Is Largely Under Russian Control
- Metamask reserves the right to withhold taxes from customers
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Debt Ceiling Negotiations Crumble, McCarthy And Biden To Hold Sunday Call As Impasse Intensifies
"Much of what they already proposed is simply, quite frankly unacceptable."— ABC News (@ABC) May 21, 2023
Pres. Biden addresses the debt ceiling negotiations with House Speaker McCarthy after negotiations were put on pause while Biden is abroad. pic.twitter.com/Lotumo4OKM
Negotiations over raising the debt ceiling crumbled on Sunday as House Minority Leader Kevin McCarthy (R-CA) and President Joe Biden held a call to discuss the issue. The two sides remain far apart on a deal, with Republicans demanding concessions from Democrats in exchange for their support.
McCarthy has said that Republicans will not vote to raise the debt ceiling unless Democrats agree to changes to the Build Back Better Act, a $1.75 trillion social spending and climate change bill that is currently stalled in the Senate. Democrats have rejected this demand, arguing that it is a non-starter.
The impasse over the debt ceiling is raising the specter of a government shutdown, which would occur if the Treasury Department runs out of money to pay its bills. The Treasury Department has said that it will run out of money on October 18.
In all seriousness — what is Biden talking about? pic.twitter.com/YtfhVFxNHE— RNC Research (@RNCResearch) May 21, 2023
If a shutdown does occur, it would have a devastating impact on the economy. Millions of federal workers would be furloughed, and many government programs would be forced to close. The shutdown would also damage the country’s credit rating and make it more difficult to borrow money in the future.
It is unclear how the debt ceiling impasse will be resolved. Republicans and Democrats are both digging in their heels, and there is no sign of a breakthrough. The outcome of the negotiations could have a major impact on the economy and the country’s future.
The White House is moving backward in negotiations.— Kevin McCarthy (@SpeakerMcCarthy) May 20, 2023
Unfortunately, the socialist wing of the Democrat Party appears to be in control—especially with President Biden out of the country.
In addition to the economic impact, a government shutdown would also have a political impact. It would be a major setback for President Biden and the Democrats, and it could energize Republicans in the upcoming midterm elections.
The debt ceiling is a complex issue, and there is no easy solution. However, it is important for both sides to come to the table and negotiate in good faith. A government shutdown would be a disaster for the country, and it is something that must be avoided at all costs.
Join us today live on Twitter spaces at 5:30 PM EST as our market masters Marc Lopresti and Jon Najarian give us insight as to what this can mean for markets in the short term future.
Bakhmut Is Largely Under Russian Control, Says Ukrainian General
Russia claimed on Monday to have captured the eastern Ukrainian city of Bakhmut, while Kyiv denied that the city had fallen.
The Russian Defense Ministry said that its forces had taken full control of Bakhmut, a city of about 70,000 people that is located in the Donetsk Oblast of Ukraine. The ministry said that the city’s Ukrainian defenders had fled or surrendered.
The Ukrainian military denied that Bakhmut had been captured, saying that its forces were still fighting in the city. The military said that it had inflicted heavy casualties on Russian forces and that it was continuing to defend the city.
The capture of Bakhmut would be a major strategic victory for Russia. The city is located on a key road that connects the cities of Sloviansk and Kramatorsk, two of the largest cities in the Donetsk Oblast. The capture of Bakhmut would allow Russia to cut off Ukrainian forces in the region and to move closer to its goal of capturing the entire Donbas region.
The battle for Bakhmut has been one of the most intense battles of the war in Ukraine. The city has been under constant bombardment by Russian artillery and airstrikes. The fighting has caused widespread damage to the city and has displaced thousands of people.
Journalist: Russia are saying giving Ukraine F-16's is a "colossal Risk"— Faytuks News Δ (@Faytuks) May 21, 2023
Biden: "It is for them"
The capture of Bakhmut would be a major setback for Ukraine. The city is a major transportation hub and a key industrial center. The loss of Bakhmut would deprive Ukraine of a major source of revenue and would make it more difficult to supply its troops in the region.
The battle for Bakhmut is a microcosm of the war in Ukraine. The city is a symbol of Ukraine’s determination to resist Russia’s invasion. The outcome of the battle will have a major impact on the course of the war.
The battle for Bakhmut is also a reminder of the human cost of war. Thousands of people have been killed or injured in the fighting for the city. The city has been reduced to rubble, and its people have been forced to flee their homes.
The war in Ukraine is a tragedy for all involved. It is a war that should never have happened. It is a war that must end as soon as possible.
DECENTRALIZATION IS DYING. METAMASK NEW UPDATE IN TERMS AND POLICY WILL WITHHOLD YOUR TAXES.
MetaMask Tax Clause: Debunking Major Misconceptions
MetaMask, a popular cryptocurrency wallet, recently added a tax clause to its terms of service. This clause has caused some confusion and concern among users, who are worried that MetaMask is now tracking their transactions and reporting them to the IRS.
However, it is important to note that MetaMask is not actually tracking or reporting any transactions. The tax clause is simply a way for MetaMask to comply with the law. Under U.S. law, cryptocurrency exchanges and wallets are required to collect certain information from users, including their name, address, and Social Security number. This information is used to report transactions to the IRS.
The tax clause in MetaMask’s terms of service simply states that users agree to provide this information to MetaMask if they are required to do so by law. It does not mean that MetaMask is actively tracking or reporting transactions.
📢 We are aware of tweets circulating with inaccurate information about ConsenSys' terms of service.— ConsenSys (@ConsenSys) May 21, 2023
Let's clarify one thing upfront: MetaMask does NOT collect taxes on crypto transactions and we have not made any changes to our terms to do so.
This claim is false.
There are a few misconceptions about the MetaMask tax clause that need to be addressed. First, it is important to understand that the clause does not apply to all users. Only users who are required to provide information to the IRS under U.S. law are subject to the clause.
Second, it is important to note that the clause does not give MetaMask any new powers. MetaMask was already required to collect certain information from users under U.S. law. The tax clause simply makes this requirement explicit.
Finally, it is important to remember that MetaMask is a private company. It is not a government agency. MetaMask does not have the power to track or report transactions to the IRS. Only the IRS can do that.
The MetaMask tax clause has caused some confusion and concern, but it is important to understand what the clause actually says. The clause does not mean that MetaMask is tracking or reporting transactions. It simply means that MetaMask is complying with the law.
Join us live on twitter for todays Bulls, Bears & Blockchain show
Join us for another great 🐂🐻⛓️ Twitter space today at 5:30pm EST. Bulls, Bears, & Blockchain with your host @robnelsonlive & market masters @jonnajarian @MXLESQ & @AlexMascioli cover TradFi, Crypto, & Web3, there’s nothing more comprehensive.https://t.co/L66QS5saur pic.twitter.com/UV1CxZz6oE— Revolution Radio @getRevRadio (@getrevradio) May 21, 2023
With so much at stake, it’s crucial to stay informed and involved in these discussions.
Join us today at 5:30 pm EST on our Twitter Spaces, where we’ll delve deeper into each topic, exploring the implications of Walmart, Voyager having to pay back creditors and much much more!
Don’t miss this opportunity to engage with experts and make your voice heard in this critical conversation.